FMCG passe: Indian economy has a new definition of defensive stocks: 8 stocks from 2 sectors with upside range of up to 37%

There’s a 30-year difference from 1994 to 2024, but there’s one thing that has remained constant: the advice to switch to defensive stocks when markets are volatile or there’s a risk of an event. If we consider the textbook definition of a defensive stock, it is a company that pays a dividend and has stable profits regardless of stock market conditions. But textbooks and the reality on the street are very different. In 1994, FMCG stocks probably were